{"id":13436,"date":"2022-08-30T12:09:38","date_gmt":"2022-08-30T12:09:38","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/"},"modified":"2022-08-30T12:09:40","modified_gmt":"2022-08-30T12:09:40","slug":"indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/","title":{"rendered":"Indonesian e-commerce giant buys local crypto exchange for $8 million"},"content":{"rendered":"<p><\/p>\n<div data-v-3511d6da=\"\">\n<p>Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.\u00a0<\/p>\n<p>As reported by Reuters, the sum of the acquisition of 100% shares by the country\u2019s \u201cbiggest tech firm\u201d came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media. <\/p>\n<p>GoTo didn\u2019t reveal any specific plans for PT Kripto Maksima Koin\u2019s further development, but in an official statement, its representatives explained a deal as part of its effort to &#8220;a diverse money management hub.&#8221;<\/p>\n<p>PT Kripto Maksima Koin is one of the 25 crypto platforms licensed by Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (BAPPEBTI). It received the license relatively recently, on Jan. 28, 2022. <\/p>\n<p>Earlier this year, GoTo, which had been formed as a result of a merge between a local e-commerce leader and an on-demand multi-service platform, conducted its initial public offering (IPO), raising $1.1 billion. <\/p>\n<p><strong><em>Related:<\/em><\/strong> <strong><em>Mastercard partners with crypto gateway to drive financial inclusion in Indonesia<\/em><\/strong><\/p>\n<p>According to Reuters data, in 2021 total transaction volume of the crypto assets in Indonesia rose more than 1,000% compared to 2020, to 859.4 trillion rupiahs ($57.7 billion). Roughly 4% of the country\u2019s population, which is a little under 11 million people, have been investing in crypto. <\/p>\n<p>In recent years, the country saw a rising tide of celebrity coins and non-fungible token (NFT) projects, with regulators\u2019 having to weigh in in a mild manner \u2014 BAPPEBTI has been repeatedly warning the population about the risks of investing in non-registered digital assets, but at the same time, it got along without harsh prosecution, involving even the non-registered providers in a dialogue.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.\u00a0 As reported by Reuters, the sum of the acquisition of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-13436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indonesian e-commerce giant buys local crypto exchange for $8 million | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesian e-commerce giant buys local crypto exchange for $8 million | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. 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